Ad #6225530
MLS #615206
Capitalize on proven income and flexibility with this fully
461 & 471 3rd St, Key Colony Beach, FL 33051
$1,848,000
6Beds
4Baths
2,528Sqft
0.16Acres
About this property
Capitalize on proven income and flexibility with this fully furnished, turnkey waterfront duplex generating approx. $100K/year in rental income! Built above flood for added peace of mind and potential insurance savings, this well-established (for 10+ years) vacation rental features two spacious 3BD/2BA units with private entrances and parking. Enjoy 60 ft. of deep-water dockage on a wide canal with immediate ocean access, plus two private waterfront outdoor living spaces framed by lush tropical landscaping and privacy fencing between. Whether you rent both units, live in one and rent the other or enjoy as a multi-family retreat, this property offers unmatched versatility at a price point well below comparable 6-bedroom waterfront single-family homes in Key Colony Beach. Just 1/4 mile from the Cabana Club and close to beaches, dining, and shopping--ready for immediate use or continued rental success!
Property Features
6 Beds
4 Baths
2,528 Sqft
Built in 1997
0.16 Acres
On Beachfront
RV
Siding: CBS
Metal Roof
$6,941 / yr property tax
Monroe County
Key Colony Beach (535) Community
Additional Photos
Contact Information
David N. Grego
Island Breeze Realty, LLC
305-481-1296
Location
Listing Agent: David N. Grego (License #: 3107004) 305-481-1296
Broker: Island Breeze Realty, LLC 305-743-8328 Listing Site
Copyright © 2026 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Island Breeze Realty, LLC 305-743-8328 Listing Site
Copyright © 2026 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,848,000
6
Beds
4
Baths
2,528
Sqft
461 & 471 3rd St, Key Colony Beach, FL 33051
By contacting this agent you agree to these Terms and Conditions.
MLS# 615206
Capitalize on proven income and flexibility with this fully
$1,848,000
461 & 471 3rd St, Key Colony Beach, FL 33051
6
Beds
4
Baths
2,528
Sqft
0.16
Acres
$1,848,000
461 & 471 3rd St, Key Colony Beach, FL 33051
6 Beds
4 Baths
2,528 Sqft
0.16 Acres
Capitalize on proven income and flexibility with this fully furnished, turnkey waterfront duplex generating approx. $100K/year in rental income! Built above flood for added peace of mind and potential insurance savings, this well-established (for 10+ years) vacation rental features two spacious 3BD/2BA units with private entrances and parking. Enjoy 60 ft. of deep-water dockage on a wide canal with immediate ocean access, plus two private waterfront outdoor living spaces framed by lush tropical landscaping and privacy fencing between. Whether you rent both units, live in one and rent the other or enjoy as a multi-family retreat, this property offers unmatched versatility at a price point well below comparable 6-bedroom waterfront single-family homes in Key Colony Beach. Just 1/4 mile from the Cabana Club and close to beaches, dining, and shopping--ready for immediate use or continued rental success!
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Property Details
HOME DETAILS
6 Beds
4 Baths
2,528 Sqft
Built in 1997
0.16 Acres
BEACH & VIEW
On Beachfront
EXTERIOR
RV
Siding: CBS
Metal Roof
FINANCIAL & COMMUNITY
$6,941 / yr property tax
Monroe County
Key Colony Beach (535) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
6225530
Viewed
201 times
Listing Status
Active Under Contract
Added
May 28, 2025
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Marathon and Lower Keys Association of Realtors
Source Property ID
615206
Listing Agent: David N. Grego (License #: 3107004) 305-481-1296
Broker: Island Breeze Realty, LLC 305-743-8328 Listing Site
Copyright © 2026 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Island Breeze Realty, LLC 305-743-8328 Listing Site
Copyright © 2026 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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